Commercial bank practice

As Mentioned by

"A bank is a person or corporation which hold itself out to receive from the public, deposits payable on demand by cheque"

• Walter Leaf

• Prof. Kinley

• Horace White

Commercial bank....

• Commercial bank is a profit-seeking business firm, dealing in money and credit.

• Commercial bank is a profit-seeking business firm, dealing in Monopoly Note issue.

• Commercial bank is a profit-seeking business firm, dealing in Macroeconomic stability.

• None of the Above

Money added to a bank account is called?

• Withdraw

• Tax

• Deposit

• Fee

Co-operative Banks are mainly for short periods.

• True

• False

Current Deposits: are also known as time deposits

• True

• False

Identify the logo

The Following are the various sources of a bank's profit

• Interest on loans

• Interest on investment

• Discounts

• Commission, brokerage

• All Above

There is only ONE Commercial Bank in Somalia:

• True

• False

How many Commercial Banks are in Somalia?

• 8

• 10

• 12

• 13

Give a banking term which means the opposite of deposit....

• Withdrawal

• Withdraw

• Withdrew

• All Above